Real Estate Trends in Versova

Q: I am planning to invest in Versova. Can anyone let me know how is the real estate market in Versova?

Suresh Khanna, Mumbai

10th September 2013

Real estate News in Versova, Mumbai

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Replies (6)

Versova is really good place for live and rates of real estate in this area is growing very fast so invest your money in this area, which helpful to you in future.

24th September 2013

Comment

www.realestatewale.com

nasheed, Mumbai

15th September 2013

Comment

The rental are quite good a 1 BHK can fetch u around 30K+ rate for buying is 17k +persqft

nasheed, Mumbai

15th September 2013

Comment

How is the rental value in this area?

Suresh Khanna, Mumbai

10th September 2013

Comment

The rent for a 1 BHK apartment in Versova ranges from Rs. 25,000 – 30,000 while the rent for a 2 BHK apartment is between Rs. 40,000 – 55,000. The rent for a 3/4 BHK apartment can be in the proximity of Rs. 60,000 - 65,000. The last couple of years have seen a steep growth in demand for apartments in Versova. Capital value of apartments in Versova ranges between Rs. 18,875 - 23,200 per sq-ft.

Sunil Joshi, Mumbai

10th September 2013

With the Varsova-Andheri-Ghatkopar metro line becoming operational this year, there may be further growth in land prices in Versova.

Ravi Waghmare, Mumbai

10th September 2013

Versova does not have any major highways passing through it. However, the proposed Versova-Andheri-Ghatkopar metro corridor will connect the locality to other important areas in Mumbai. There is also a ferry service from Versova to Madh. Local transportation includes buses, taxis and auto rickshaws. Since Versova is a neighboring area to Andheri, it is close to the Mumbai International Airport. The airport is about 11 km away from Versova and can be reached within half an hour.

Ravi Waghmare, Mumbai

10th September 2013

Comment

In the context of real estate, Versova sees a high demand for 1 and 2 BHK apartments, though there are few 3/4 BHK apartments. The typical covered area for a 1 BHK apartment is between 450 – 580 sq-ft, while for a 2 BHK apartment, it is between 700 – 1,125 sq-ft and for a 3/4 BHK apartment, it is between 1,200 – 1,300 sq-ft.

Ashish Bhoite, Mumbai

10th September 2013

Versova is an upmarket neighbourhood near Andheri (West) and on the coast of Arabian Sea. It has Andheri to its east, Arabian Sea to its west, Juhu to its south and Goregaon to its north east. Versova is known for its beach and the Versova fort. Versova is an old area in Mumbai and originally a small fishing village. It has become an upmarket area in Mumbai over past few decades.

Sunil Joshi, Mumbai

10th September 2013

Comment

Versova is an old neighbourhood. However, it has also gradually transformed into an upscale area in Mumbai over recent years. As such, it has both housing societies as well as apartment complexes. Some housing societies include Aga Khan Baug Cooperative Society and Dharti Cooperative Housing Society. Some apartment projects include Silver Croft, Sundram and Everest.

Ashish Bhoite, Mumbai

10th September 2013